#rivian

#rivian

"This quarter we made significant progress in R2 development and testing," the EV startup's CEO, RJ Scaringe, said in a statement. "We also substantially completed the expansion of our Normal, Illinois facility and have begun installing manufacturing equipment in preparation for our start of production."

The Rivian Adventure Network is retrofitting over 400 DC fast chargers in the U.S. to support Tesla's NACS connectors, enhancing compatibility for EVs.

Rivian plans to resume prep-work on its Georgia factory in August after receiving a $6.6 billion approval from the Department of Energy for construction funding.

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, bringing its valuation to $1 billion.

Rivian's 2026 Quad-Motor pickup truck and SUV offer 1,025 horsepower, 1,198 pound-feet of torque, and rapid acceleration from 0-60 mph in under 2.5 seconds.

Amazon is developing AI software for humanoid robots to deliver packages, operating from Rivian vans, with real-world tests starting soon.

Rivian targets environmentally friendly, outdoorsy family buyers, while Tesla caters to tech-focused consumers with a futuristic, immersive showroom experience.

The trade restrictions and what we're seeing in terms of rare earth metals out of China, that's a real challenge for electric vehicles.